News by Choy Nyen Yiau

Iskandar Waterfront City Bhd (KL:IWCITY) has proposed a regularisation plan involving the issuance of new shares to settle outstanding debts, a private placement and a capital reduction in order to exit its affected listed issuer status.

Eco World International Bhd (KL:EWINT) achieved RM58 million in property sales in the first four months of the financial year ending Oct 31, 2025 (FY2025).

Lim Seong Hai Capital Bhd (KL:LSH), which is set to make its debut on the ACE Market this Friday, said its net profit for the first quarter ended Dec 31, 2025 (1QFY2025) rose 19% to RM18.5 million from RM15.5 million a year earlier, lifted by higher gross profit from construction works in Tangkak.

NCT Alliance Bhd has entered into a conditional sale of shares agreement (SSA) to acquire a 51% equity stake in Sabah-based property developer Setara Juara Sdn Bhd for RM22 million.

Gagasan Nadi Cergas Bhd (GNCB) (KL:NADIBHD) said it has secured an en-bloc sale of 523 affordable housing units in the City of Elmina development in Shah Alam for RM134.41 million.

Taghill Holdings Bhd (KL:TAGHILL), formerly known as Siab Holdings Bhd, is taking legal action against a developer to recover an alleged outstanding payment of RM4.91 million.

Construction firm Kerjaya Prospek Group Bhd (KL:KERJAYA) said on Thursday that it has secured an RM11.64 million contract for construction works from Tanjung Pinang Development Sdn Bhd (TPDSB).

As part of the agreement, the government will receive 15% of LSHSM’s annual revenue.

Mara Incorporated Sdn Bhd (Mara Inc) is currently drafting a comprehensive property valuation policy, which is expected to be submitted for board approval in this quarter, according to the Public Accounts Committee (PAC).

The study on implementing a congestion charge in the city centre is expected to be completed by the end of this year and will be submitted to the Cabinet Committee on Road Safety and Traffic Congestion, said Minister in the Prime Minister’s Department (Federal Territories) Dr Zaliha Mustafa.